How to Start a Bitcoin Casino/Sports Gambling Business (Checklist)

[bitgolden]

If someone is really serious in getting into this business, huge amount is really needed to start it in legit way. But as we see, there are a lot of gambling sites being launched everyday, so more than likely they are just getting into this business to collect some money from naive gamblers.

Well, you are right to some extent. However, most gambling sites are honest and ready to pay as long as you win. The problem is winning.

He is absolutely right not just to an extent. The truth remains that the number of scam sites out there is far more than the genuine ones. Its now very obvious that the reason many sites are created is to defraud people. Scamming is not only tied to not making payment, that’s an outdated scam method, this days the difficulty of not been able to win at all is a big scam from gambling industry

Its now very obvious that the aim of these operators is for players not to ever win and the odds are constantly in favor of the casino and that is really unfair. We do every research needed, try all possible strategies to win games and yet end up loosing. Isn’t that crazy?  I think I should also consider creating my own betting site since this is now the new tend.

[dataispower]

The major challenge one may face when trying to establish a gambling business is getting a license to operate and also getting a good developer who will build the platform to your taste. Starting a gambling business looks lucrative anyway, but if care is not taken you might be doomed by it.

[robelneo]

You need a huge amount of money and a great team to set up a gambling site, no wonder the gambling industry is not crowded there are still a lot of room for new players, but it's profitable because this is a multi million industry and with Cryptocurrency adoption it will soon become a multi billion industry.

[Gambling Domains]

Good points make by you guys. Don't forget to contact me if you need partnership from experienced gambling operator or need additional information

I am currently looking forward for a serious partnership.

[iMark]

Wow it is a great information for the investors whoever looks to invest their fund on gambling related projects. I believe such kind of informative thread should be pinned on gambling discussion, project on development discussion board.
People were asking for the gambling related investment and platform development can we read this and get help with it.

  There is no doubt a very exciting and lucrative business if you are able to exploit is properly. There is big money in the casino business especially if you have the options for cryptocurrency to be used while gambling. If you can, keep KTC away and you will get good number of costumer. In addition, try come up with a great business plan and you could be the next disruptor of the market

Just a mature plan is not enough to create a casino business. there are so many things that you have to persuade, even to make an offline casino you need to prepare additional funds to streamline permits in that area, such as bribing local councils and so on. You need very large capital for this business dude

[darewaller]

More users have stated much about the requirements for building a gambling website. Being into gambling business isn't that easy, it needs a huge investment. Some has stated it a way to profit from the naive gamblers. Every business is profit oriented, upon the same we cannot pin point this to be bad. Gamblers needs to be careful in this regard knowing the limits.

Gambling business might not be easy but highly profitable, so no matter the risk any one is taking, it would definitely be worth it in the end. The challenges you mentioned is common with every business, there’s no business that would not experience that early issues. The good thing about gambling is that despite it needs huge investment, its quite easy to get investors because many people believe it is a good business to invest in because it is very profitable.

It is impossible that everyone would own or create a gambling site but at least let’s  send a plea to the existing sites to be fair to their players because of loses is really becoming alarming. Make profit but not at the detriment of your clients. If it continues that way, I believe it will be a matter of time and there will no longer be players.

[shoreno]

Gambling business might not be easy but highly profitable,

any business are not easy . any business are also not highly profitable because you still need to calculate your overall cost/expense   . if its an online gambling site you need to pay to keep the site running plus you need to pay for the advertising and other extra stuffs .

It is impossible that everyone would own or create a gambling site

and why impossible ? anyone can do it on thier own if they really wanted to  . they can start on saving up for a capital and planning if what type of casinos they want but not all are just interested on this business  .

[www.Gambler.Casino]

Thanks for the info. But I will continue to advertise various casinos))

[bittraffic]

Thanks for the info. But I will continue to advertise various casinos))

Congrats you just revived this.

While we are here I'm going to ask how the bookmakers are going to add list of fights, are they pre-made that sportsbook owners are just going to approved? Or do they need to ask permission to add the fights?

It seem easy to create a sports casino website with right software and money to secure top level domain. The challenge is competing the big bitcoin sportsbookies.